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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Regulation
ASIC Imposes Emergency Trading Rules Amid COVID-19
2020-03-16T09:43:18.000+02:00
High volumes have led to the regulator imposing a 25% reduction in market trades.
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Regulation
ASIC Reminds Retail OTC Firms of Reporting Obligations Amid COVID-19
2020-03-13T08:44:48.000+02:00
Firms need to notify ASIC if they have any material adverse changes to their financial position.
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Brokers
Analysis: Rakuten Beats Australian Competition With Lower Trading Costs
2020-03-11T15:01:01.000+02:00
As the Australian FX industry becomes more challenging, brokers may have to focus on spreads
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Brokers
ASIC to Retail OTC Derivatives Issuers: Be Vigilant Amidst Coronavirus
2020-03-11T08:15:26.000+02:00
The regulator has asked retail firms to check their systems and risk mitigation measures.
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Analysis
Harsher ASIC Rules Raise Brokers' Fears
2020-03-10T15:10:51.000+02:00
Regulatory divergence between ASIC's and ESMA's leverage restrictions for FX and CFDs unsettles market
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Regulation
Australian FX Brokers Top AFCA's Complaints List
2020-03-09T14:38:42.000+02:00
Well-known brokers such as Plus500, CMC Markets, IG Group and more have also received complaints.
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Analysis
Australian Market Growth Amidst Increasing Regulatory Scrutiny
2020-03-03T13:37:38.000+02:00
Can Australia's place as a leader in the global FX market continue?
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Brokers
Federal Court Sides with ASIC, Rules Against AGM Markets
2020-02-27T10:15:33.000+02:00
The Court found that AGM engaged in unconscionable conduct when providing OTC derivative products.
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Brokers
ASIC Cancels AFS License of Financial Options Pty Ltd
2020-02-25T10:16:38.000+02:00
The company’s license was suspended in August of 2019.
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Brokers
Australian Broker Rubix FX Rebrands as FXTRADING.com
2020-02-17T19:21:44.000+02:00
The rebranded broker will encompass all of Rubix FX’s regulatory profiles around the globe.
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Regulation
AFCA Warns Berndale Clients Recovery of Funds is Unlikely
2020-02-14T10:23:14.000+02:00
Berndale had its AFS license canceled in November of 2018.
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Regulation
ASIC Places 6yr Ban on Former CEO of Spectrum Wealth Advisers
2020-02-11T10:22:46.000+02:00
The regulator has banned Mark Schroeder from providing financial services for six years.
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Regulation
Pepperstone CEO: ASIC’s Powers Will Stifle Innovation in Australia
2020-02-11T09:17:34.000+02:00
Tamas Szabo spoke in front of a government Committee, outlining his concerns on the regulations.
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Regulation
Federal Court Rules in ASIC’s Favour Against One Tech Media Ltd
2020-02-07T10:59:32.000+02:00
The regulator accused One Tech Media Ltd of providing binary options trading without authorization.
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Brokers
AxiCorp Appeals ASIC’s Suspension of its AFS License
2020-02-03T10:34:02.000+02:00
The Administrative Appeals Tribunal has granted a stay of the suspension, pending final review.
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Regulation
Are ASIC’s Product Intervention Measures in Australia’s Best Interest?
2020-01-23T13:07:49.000+02:00
The CEO of Pepperstone has questioned whether ASIC is using its powers appropriately.
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Brokers
ASIC Extends Halifax AFS License Suspension to January 2021
2020-01-07T10:33:10.000+02:00
The suspension was previously meant to expire on January 10, 2020.
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Analysis
2019: A Year of Migration for Brokers and Traders - Where did They Go?
2019-12-30T13:53:47.000+02:00
With tightening regulation, traders and brokers moved across the globe, here’s where they went.
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News
Canaan to Introduce 5nm ASIC Miners in Q1 2020
2019-12-26T14:50:09.000+02:00
With the new chip, the miners will be 7 to 15 percent more efficient than the predecessors.
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Brokers
ASIC Reveals Restraint Orders Against USGFX, the Broker Responds
2019-12-23T10:44:04.000+02:00
The ASIC’s orders against USGFX’s representatives aren’t restraining them from doing their business.
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Regulation
ASIC Cancels AFS Licence of KP International Group Australia
2019-12-19T09:33:43.000+02:00
The trading technology provider initially had its license suspended until September 2020.
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Regulation
ASIC Implements New Regulations for Wholesale Clients
2019-12-18T08:05:53.000+02:00
The regulator has excluded the ‘price and value test’ for issuers of CFDs.
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Regulation
AFS Licence Applications with ASIC Fall in 2018-2019 Period
2019-12-16T10:25:40.000+02:00
Is Australia becoming a less attractive destination for financial firms?
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Regulation
ASIC Flags Three Unregulated FX Firms Including Fibonetix
2019-12-06T08:43:19.000+02:00
Fibonetix has previously been blacklisted by another financial regulator.
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Brokers
KVB Kunlun Completes Offloading of Chinese Clients
2019-11-26T14:18:33.000+02:00
Around 95 per cent of clients of the Group have been identified as actual or potential PRC domestic clients.
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